NPT LIMITED SELLS NAPIER''S OCEAN BOULEVARD PROPERTY
FOR $4.521 MILLION
NPT Limited''s Napier retail property, Ocean Boulevard, has been sold
unconditionally for $4.521 million; settlement will take place on 21 November
2012. The purchaser is a private family trust.
Ocean Boulevard is a retail centre of 2,895m2 located in central Napier with
frontages on both Dickens and Emerson Streets. Its tenants include PaperPlus,
Bed Bath & Beyond, Caroline Eve, Just Kids and Michael Hill Jeweller. The
centre also has 120 car parks over two upper levels.
NPT''s chief executive officer Kerry Hitchcock says, "The sale of Ocean
Boulevard forms part of NPT''s strategic review of its property portfolio.
The company is focussing on investments where the property type and scale
create management efficiencies, and fit NPT''s yield and growth requirements."
NPT Limited is an NZX-listed company (NPT). It has a diversified portfolio of
retail, commercial and industrial properties located in Auckland, Hawke''s Bay
For more information, please contact:
Kerry Hitchcock T 04 471 6684
Chief Executive Officer M 021 937 688
NPT Limited E firstname.lastname@example.org
Key Facts about NPT Limited
o The company is listed on the NZX; its code is NPT.
o The board comprises Sir John Anderson (chairman), Kerry Hitchcock, Jim
Sherwin, Tony McNeil and David Cushing.
o The chief executive officer is director Kerry Hitchcock. Chief financial
officer is Marshall Maine.
o NPT has a diversified portfolio of retail, commercial and industrial
properties located in Auckland, Hawke''s Bay and Christchurch.
End CA:00229430 For:NPT Type:ASSET Time:2012-11-07 09:35:26